Regulatory Review Associate

Boost Bank; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

Boost Bank in Kuala Lumpur is seeking an Associate Compliance to monitor regulatory developments, assist with AML/CFT and data privacy adherence, and support the implementation of compliance policies. You will liaise with regulators and help mitigate regulatory risks to enable business operations in a fast-paced digital banking environment.

You will prepare regulatory filings, coordinate inspections, and ensure timely, accurate documentation to satisfy audit and regulatory reviews.

Qualifications

• Bachelor’s degree in a relevant field is required.
• 2–4 years of compliance, regulatory affairs or legal advisory experience.
• Familiarity with Malaysia’s regulatory environment including BNM and AML/CFT rules.

Responsibilities

• Monitor and review compliance with local regulatory requirements (BNM, SC, etc.).
• Ensure AML/CFT and data privacy regulations are followed and updated.
• Identify, manage, and mitigate regulatory risks across the organization.
• Develop, update and implement compliance policies and procedures.
• Inform relevant teams of evolving regulatory changes.
• Assist in reviewing compliance processes for effectiveness and timeliness.
• Prepare and submit regulatory reports to authorities with accurate documentation.
• Coordinate regulatory inspections and audits and ensure readiness.
• Stay informed of new laws or guidelines impacting the bank.

Skills

Regulatory compliance understanding

Analytical thinking

Communication skills

Stakeholder liaison

Problem solving

Education

Bachelor's degree in Law, Finance, Economics, Business Administration or related field

Job description

The role involves monitoring regulatory developments, assisting with the implementation of compliance policies, and ensuring that the digital bank adheres to AML/CFT guidelines, data privacy laws, and other regulatory requirements. The Associate will play a key role in mitigating regulatory risks and supporting business operations through ongoing compliance oversight.

Key responsibilities

• Assist in monitoring and reviewing the digital bank's adherence to local regulatory requirements, including those set by Bank Negara Malaysia (BNM), the Securities Commission, and other relevant bodies.
• Ensure that the bank's policies, procedures, and operations comply with AML/CFT regulations, data protection laws, and industry-specific guidelines.
• Assist in the identification, management, and mitigation of regulatory risks across the organization.
• Support the development, update, and implementation of compliance related policies and procedures.
• Ensure that internal policies are aligned with evolving regulatory requirements and that the relevant teams are informed of any updates.
• Assist in conducting reviews of compliance processes to ensure they remain effective and up-to-date.
• Assist in preparing and submitting regulatory reports and filings to BNM and other relevant authorities.
• Ensure the accuracy and timeliness of all regulatory reports, and maintain proper documentation for audit and regulatory reviews.
• Support the coordination of regulatory inspections and audits, ensuring full compliance during the review process.
• Monitor any regulatory changes or developments and ensure that the digital bank remains compliant with new laws or guidelines.

About you

• Bachelor's degree in Law, Finance, Economics, Business Administration, or a related field.
• Minimum 2-4 years of experience in compliance, regulatory affairs, or legal advisory, preferably within the banking or financial services sector, with some exposure to digital banking or fintech being an advantage.
• Familiarity with the regulatory environment in Malaysia, including knowledge of BNM guidelines and AML/CFT regulations.
• Strong understanding of compliance and regulatory requirements in the financial services industry.
• Excellent written and verbal communication skills, including the ability to prepare regulatory reports and liaise with internal and external stakeholders.
• Strong analytical and problem-solving skills, with the ability to assess and interpret complex regulations and policies.
• Ability to work effectively in a fast-paced digital banking environment and manage multiple priorities.
• Professional certifications in compliance, AML/CFT, or regulatory affairs (e.g., ACAMS, ICA) are a plus.